Registration fees for webinars are $175/member and $300/non-member unless otherwise noted in an event description.

NDHA is an approved provider of continuing education by the North Dakota Board of Examiners for Nursing Home Administrators.

NDHA Members-FREE: Price Transparency, What's Next?

Date: 06/22/2021

11:00 AM - 12:00 PM


NDHA/HSIsolutions Endorsed Business Partner

There is no charge for NDHA members to participate on this webinar.

About the Webinar

Today’s Healthcare Consumer presents new challenges for healthcare providers, as patients continue to be faced with an increased responsibility in healthcare costs, forcing them to “shop” services, which creates a need for meaningful and readily accessible price transparency. The Centers for Medicare and Medicaid Services (CMS) Price Transparency Requirements implemented on January 1st, 2021, are presenting logistical challenges for providers. Recent surveys have shown more than 50% of hospitals are out of compliance with these requirements putting each institution at risk of severe penalties.

In response, on June 22, 2021, NDHA/HSIsolutions is hosting a webinar discussion with our Endorsed Business Partner PARA HealthCare Analytics. This presentation focuses on reviewing the requirements, outlining the consequences of non-compliance, and explaining the four critical tasks for compliance. We will also discuss what is on the horizon as hospitals navigate challenges surrounding rational pricing methodologies and payer contract management concerns.

Learning Objectives

Upon completion of this webinar, attendees will be able to:

  • Summarize the required elements of the CMS Price Transparency mandates
  • Describe the consequences of non-compliance
  • Examine eight hospital revenue streams and pricing strategies for each
  • Define the payer contract implications of price transparency and actions to protect net revenue

Speakers

Peter Ripper has worked in health care since 1975. Thirty-five years ago, in 1985, he formed PARA-HCFS, which specializes in the review of charge masters to improve coding, pricing and charge capture. PARA also maintains an extensive database of pricing history for every hospital that participates in Medicare. In 2019, PARA Healthcare Analytics was purchased by Healthcare Financial Resources, a leading insurance A/R Recovery and resolution provider that specializes in handling large volume, small balance and age-problematic insurance accounts. As CEO of PARA, Peter is leading the organization to achieve the mission of becoming a comprehensive, single-source solution for the hospital revenue cycle.

Randi Brantner began her career in health care in 2002. She spent eight years working in a variety of pharmacy settings including retail, military, hospital, narcotic control and pharmacy purchasing. In 2010, she became the Charge Master Analyst for Memorial Health System in Colorado Springs. There, she supported the hospital revenue cycle through maintenance of the charge description master. Over the next few years, Randi assisted in the implementation of operational improvement of billing processes and assisted in monitoring, auditing and measuring the effectiveness of the revenue cycle process. She has a Master’s in Business Administration with a focus in Health Care Administration and is Six Sigma Black Belt Certified. Randi joined PARA in 2012 and currently serves as the Vice President of Analytics. Her team is responsible for a variety of financial analytics including pharmacy, materials management, market-based pricing, contract management and reimbursement analytics.